About BTG
The BTG network aims to combine the security and sturdiness of the Bitcoin blockchain and its characteristics with the opportunity for experimentation and development.BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin but without using resources like Bitcoin hash power or vying for the "real Bitcoin" title. The company aims to present a coin with the implementation capabilities of Bitcoin, expanding on the opportunities for DeFi and DApp developers to use the coin. Bitcoin Gold was created to reinstate a more decentralized, democratic mining environment that Bitcoin enjoyed in its early days. In context of escalating concerns over Bitcoin mining centralization and corresponding potential network abuse, Bitcoin Gold experiments with a new mining algorithm with the hopes of informing potential future changes to Bitcoin mining. Unlike some forks, Bitcoin Gold doesn't intend to overtake Bitcoin per se, but rather to draw attention to and experiment with possible solutions for enabling retail investors to participate in mining.
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Frequently Asked Questions
What Is Bitcoin Gold (BTG)?
Read MoreBitcoin Gold was founded in 2017 to become a user-friendly alternative to Bitcoin. The BTG network aims to combine the security and sturdiness of the Bitcoin blockchain and its characteristics with the opportunity for experimentation and development.
BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin but without using resources like Bitcoin hash power or vying for the "real Bitcoin" title. The company aims to present a coin with the implementation capabilities of Bitcoin, however, expanding on the opportunities for DeFi and DApp developers to use the coin.
Who Are the Founders of Bitcoin Gold?
Read MoreBitcoin Gold was founded by a group of enthusiasts with diverse backgrounds and skills. Hang Yin is a co-founder and lead developer at Bitcoin Gold. He graduated with a degree in computer science from Fudan University in 2015. His professional career started right after he graduated. In late 2015, Yin became a software engineer for Google. After three years with the tech giant, Hang Yin decided to venture into entrepreneurship by starting Bitcoin Gold. In 2018, he also participated in the founding of HashForests.
Martin Kuvandzhiev is the second co-founder of Bitcoin Gold, and he is also a board member at the company. He graduated with a degree in computer software engineering from the Technical University of Sofia, and his professional path started as a food service worker at McDonald’s. In 2015, he became an assistant professor at the Technical University of Sofia, and in 2016, he started a job as a lead iOS developer at phyre JSC. Since co-founding Bitcoin Gold in 2017, he has also launched another company called GoStartups.net. Currently, Kuvandzhiev is also the CEO of Assetify.
What Makes Bitcoin Gold Unique?
Read MoreBitcoin Gold is a unique combination of the inherent properties of the original Bitcoin blockchain and an innovative approach to blockchain development and applications. As a hard fork of the original Bitcoin token, BTG aims to revolutionize the mining process by introducing a new proof-of-work algorithm that combats the scalability issues Bitcoin struggles with.
As an open-source protocol, Bitcoin Gold allows developers to participate in the governance and development of the blockchain freely. According to the company, this is a must-have requirement for pushing decentralization and one of the major points where Bitcoin struggles.
Bitcoin Gold is one of the first hard forks of the original cryptocurrency, which has attracted institutional and enterprise investors’ attention. BTG is available on a wide variety of exchanges, as well as swap services and wallets. Lastly, Bitcoin Gold has been actively adopted by several online browsers and service providers.
How Many Bitcoin Gold (BTG) Coins Are There in Circulation?
Read MoreBitcoin Gold has a maximum supply of 21,000,000 BTG tokens and a total supply of 17,513,924 BTG tokens. The current circulating supply is equal to the total supply.
Out of the total amount of BTG tokens, 30% went towards the development of the blockchain and the project. Another 15% were reserved for ecosystem support and development, and another 15% were distributed amongst the BTG community. About 20% of the total BTG token supply was reserved for yearly expenses. Close to 7% of BTG tokens were set aside for bounties and app collaboration, while another 5% went towards rewards for the founding team. The remaining 8% of tokens went towards covering pre-fork costs and community development.
How Is the Bitcoin Gold Network Secured?
Read MoreAs a Bitcoin hard fork, Bitcoin Gold relies on the proof-of-work (PoW) consensus mechanism. However, one of BTG’s main goals was to revolutionize the mining process by introducing the Equihash PoW, which favors GPUs for mining, unlike the Bitcoin blockchain.
While Bitcoin relies predominantly on application-specific integrated circuit (ASIC) miners, This version of Equihash uses more memory than an ASIC can offer but runs fine on many graphics cards. Unlike the Ethereum blockchain, which relies on the proof-of-stake (PoS) mechanism and favors stakeholders, Bitcoin Gold places importance on the processing power miners have.
Where Can You Buy Bitcoin Gold (BTG)?
Read MoreAs one of the first hard forks of Bitcoin, BTG is available on various exchanges. One choice is Binance, but other good options include:
Find more information here about buying cryptos.
What is the all-time high price of Bitcoin Gold (BTG)?
Read MoreThe all-time high of BTG was 539.72 USD on 2017-10-24, from which the coin is now down 95.78299859186245%. The all-time high price of Bitcoin Gold (BTG) is 539.72. The current price of BTG is down 95.78299859186245% from its all-time high.
How much Bitcoin Gold (BTG) is there in circulation?
Read MoreAs of
, there is currently 17.51M BTG in circulation. BTG has a maximum supply of 21.00M. What is the market cap of Bitcoin Gold (BTG)?
Read MoreThe current market cap of BTG is 398.69M. It is calculated by multiplying the current supply of BTG by its real-time market price of 22.76.
What is the all-time low price of Bitcoin Gold (BTG)?
Read MoreThe all-time low of BTG was 2.54
, from which the coin is now up 796.0629921259844%. The all-time low price of Bitcoin Gold (BTG) is 2.54. The current price of BTG is up 796.0629921259844% from its all-time low. Is Bitcoin Gold (BTG) a good investment?
Read MoreBitcoin Gold (BTG) has a market capitalization of $398.69M and is ranked #178 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Bitcoin Gold (BTG) price trends and patterns to find the best time to purchase BTG.